Micheal Saylor's Convertible senior note strategy this time offers $500M

Micheal Saylor's MicroStrategy has once again proposed a convertible senior note offering in order to raise funds to purchase more bitcoins.

In March, MicroStrategy proposed a $600 million convertible note offering, and raised $623 million to purchase 9245 Bitcoins. This time it is offering a $500 million convertible senior note due in 2032.

MicroStrategy HODL 214400 BTC, which is more than one percent of the total Bitcoin supply. But Michael Saylor's heart does not agree to satisfy, he always raises money to purchase some additional bitcoin.